Jerry Polacek (pictured), managing director of renewable energy and venture capital at industrial conglomerate General Electric’s GE Capital subsidiary, has shifted to looking after distressed investing at the US-listed company.
The move follows a number of high-profile clean-tech bankruptcies, including Solyndra, that has thrown up opportunities for investors.
Polacek was unavailable to comment but revealed the job move on his LinkedIn page.
His new title is managing director of fixed income and distressed investing at GE Energy Financial Services, part of GE.
GE Energy Financial Services invests in emerging energy- and water-related technology companies through $300m Energy Technology Ventures, a GE, NRG Energy and ConocoPhillips corporate venturing fund set up last year by the industrial group, utility and oil major respectively, as well as through its own venture capital investing group.
Its deals include battery company A123 Systems and energy management company Tendril.